CONSOLIDATED PROFIT AND LOSS ACCOUNT - CONSTANT EXCHANGE RATES (unaudited) Fourth Quarter US $ Millions constant Full Year % Incr./ (Decr.

Similar documents
CONSOLIDATED PROFIT AND LOSS ACCOUNT - CONSTANT EXCHANGE RATES (unaudited) Fourth Quarter Millions constant Full Year % Incr./ (Decr.

CONSOLIDATED PROFIT AND LOSS ACCOUNT CONSTANT EXCHANGE RATES (unaudited)

CONSOLIDATED PROFIT AND LOSS ACCOUNT CONSTANT EXCHANGE RATES (unaudited)

CONSOLIDATED PROFIT AND LOSS ACCOUNT CONSTANT EXCHANGE RATES (unaudited)

US DOLLAR SUPPLEMENT TO THE UNILEVER SECOND QUARTER AND HALF YEAR RESULTS 2006

Tables reconciling these measures to the UK GAAP measures included in our Financial Statements are shown hereafter.

UNILEVER SECOND QUARTER AND HALF YEAR RESULTS 2003 (Unaudited)

2004 Unilever Charts

SECOND QUARTER AND HALF YEAR RESULTS 2004 (Unaudited, constant 2003 average exchange rates, unless stated)

GROUP PROFIT AND LOSS ACCOUNT

GROUP PROFIT AND LOSS ACCOUNT

1. Income Statement January - March (unaudited)

FIRST HALF HIGHLIGHTS

Williams Grand Prix Holdings PLC

Unilever Annual Accounts Contents

Consolidated Profit and Loss account for the year ended 31 December 2003

CommScope Holding Company, Inc. Condensed Consolidated Statements of Operations (Unaudited -- In thousands, except per share amounts)

ARM Holdings plc Fourth Quarter and Annual Results US GAAP

THIRD QUARTER RESULTS 2005 AND INTERIM DIVIDENDS. FINANCIAL HIGHLIGHTS (unaudited) Third Quarter 2005 million Nine Months 2005 Current Constant

IFRS has no material impact on ICAP s underlying cash flow, economic and risk profile, dividend policy, regulatory capital and bank covenants

Meridian Petroleum plc RESTATED INTERIM RESULTS FOLLOWING ADOPTION OF IFRS for the Six Month period ended 30 June 2006 (Unaudited)

Interim Statement 2004/2005

FIRST QUARTER RESULTS million First Quarter 2006 Current rates. Turnover ahead by 8.6%, benefiting from 6.3% favourable currency movement.

FOURTH QUARTER AND ANNUAL RESULTS Unilever enters 2006 in much better shape, with increased competitiveness and growth.

1. Income Statement January - December

9. Share-Based Payments Jointly Controlled Entities Other Operating Income Other Operating Expense 130

Interim Results for the half year to 30 th June 2002 RENTOKIL INITIAL CONTINUES TO DELIVER STRONG UNDERLYING ORGANIC GROWTH AND CASH FLOW

Consolidated Accounts of the Nestlé Group. 138th Annual Report of Nestlé S.A.

New accounting standards The Group adopted the following International Financial Reporting Standards (IFRSs) effective January 1, 2018.

WS Atkins plc Transition to International Financial Reporting Standards ( IFRS ) Restatement of financial information for the year ended 31 March 2005

- (1.7) (6.6) Profit attributable to ordinary shareholders Earnings per share 5 Basic 2.3p 2.5p 10.6p Diluted 2.3p 2.5p 10.

KCE Electronics Public Company Limited and its subsidiaries

Turnover (see note 2) 8, , , , Operating profit (see note 3) (26.5) (72.0) 471.0

ARM Holdings plc Second Quarter and Six Months Results US GAAP

Consolidated Income Statement

2001 Financial statements. Consolidated accounts of the Nestlé Group 135th Annual report of Nestlé S.A.

Regus plc. Interim Report. Six months ended June 2003

Our 2017 consolidated financial statements

Financial statements. Group accounting policies Accounting policies are included within the relevant note to the Group accounts.

THIRD QUARTER AND NINE MONTH RESULTS 2006 AND INTERIM DIVIDENDS

Centrica plc. International Financial Reporting Standards. Restatement and seminar

Restatement of financial information for the year ended 30 January 2005 in accordance with International Financial Reporting Standards (IFRS)

Consolidated accounts of the Nestlé Group. 136th Annual report of Nestlé S.A.

Kingfisher plc. Impact from the adoption Of International Financial Reporting Standards

Our 2007 financial statements

Our 2009 financial statements

st IFRS Consolidated Financial Statements

Transition to IFRS Report 21 September 2005

Unilever Roadshow. Third Quarter & Year to Date 2004 Results

Revenue 36,640 30,224 Cost of sales (18,155) (15,342) Gross profit 18,485 14,882

CHARTS 2013 MAKING SUSTAINABLE LIVING COMMONPLACE

Interim Results for the Six Months Ended 30 June 2001

ASSETS 31 March December 2017

First Quarter Ended 31 March 2017 Financial Statement and Dividend Announcement

EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) Unaudited

Supplementary information (unaudited) 2016

2006 Unilever Charts

Keller Group plc Interim Report 2004

The accompanying notes on pages 14 to 45 are an integral part of these interim financial information. 2

Temenos Interim Report 2009

TABLE OF CONTENTS. Financial Review 71

The Board of Directors of United Overseas Insurance Limited wishes to make the following announcement:

OUR GOVERNANCE. The principal subsidiary undertakings of the Company at 3 April 2015 are detailed in note 4 to the Company balance sheet on page 109.

29 June SAVILLS PLC (Savills or 'The Group') ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

The consolidated financial statements of WPP plc

FRUTAROM INDUSTRIES LTD. INTERIM FINANCIAL INFORMATION (Unaudited) 30 SEPTEMBER 2012

Interim Financial Report as at 30 June 2018

Accenture Reports Strong First-Quarter Fiscal 2018 Results. -- Revenues increase 12% in U.S. dollars and 10% in local currency to $9.

FIVE-YEAR CONSOLIDATED SUMMARY OF PROFITS

FIRST HALF HIGHLIGHTS

GAYLIN HOLDINGS LIMITED (Company Registration Number: M)

TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS

The Board of Directors of United Overseas Insurance Limited wishes to make the following announcement:

w:

ORACLE CORPORATION. Q4 FISCAL 2013 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data)

Overview of consolidated financial statements

For personal use only

Financial Statements 2015

Coherent, Inc. Consolidated Statement of Operations - GAAP

ASSETS 30 September December 2017

Preliminary Results Announcement. Year ended December 2002

Index to the financial statements

EMC CORPORATION Consolidated Income Statements (in millions, except per share amounts) (unaudited)

Tarsus Group plc ( Tarsus, the Company or the Group ) Interim results for six months to 30 June 2017

Cash and cash equivalents 313, , , ,986. financial institutions 2,514 1,

CONSOLIDATED PROFIT AND LOSS ACCOUNT For The Six Months Ended June 30, 2003

ASSETS 30 June December 2017

2011 FULL YEAR AND FOURTH QUARTER RESULTS STRONG GROWTH DESPITE DIFFICULT MARKETS

Fiscal Year 2016 Fourth Quarter Conference Call

Accounting Policies. Key accounting policies

STATEMENT OF FINANCIAL POSITION as at 31 March 2009

Digital River, Inc. Second Quarter Results (Unaudited, in thousands) Subject to reclassification

Income Statement. for the financial year ended 31 March 2011

ARM Holdings plc Fourth Quarter and Annual Results US GAAP

ASOS PLC. Interim Report 2006/07

Interim Financial Report for the. First Quarter Ended. 30 September 2018

For personal use only

Restatement of 2004 Results under International Financial Reporting Standards. Grafton Group plc

KCE Electronics Public Company Limited and its subsidiaries

Accounting Title 2014/3/ /12/ /3/31 Balance Sheet

Transcription:

16 CONSOLIDATED PROFIT AND LOSS ACCOUNT - CONSTANT EXCHANGE RATES (unaudited) In the profit and loss account given below, the results in both years have been translated at constant exchange rates, being the annual average exchange rates for 2001. This reporting convention facilitates comparisons since the impact of exchange rate fluctuations is eliminated. This translation has been prepared solely for the convenience of users and does not form part of Unilever s accounts. Fourth Quarter US $ Millions constant Full Year 2002 2001 % Incr./ (Decr.) 2002 2001 % Incr. /(Decr.) 11,882 11,700 2 % TURNOVER 46,573 46,740 - % (104) (166) Less: Share of turnover of joint ventures (466) (619) 11,778 11,534 2 % GROUP TURNOVER 46,107 46,121 - % 705 799 (12)% GROUP OPERATING PROFIT 4,789 4,632 3 % 1,581 1,654 (4)% Group operating profit beia * 6,839 6,400 7 % (583) (538) Exceptional items (845) (526) (293) (317) Amortisation of goodwill and intangibles (1,205) (1,242) 22 28 Add: Share of operating profit of joint ventures 79 75 727 827 (12)% OPERATING PROFIT 4,868 4,707 3 % 1,607 1,692 (5)% Operating profit beia * 6,929 6,508 6 % (585) (538) Exceptional items (840) (526) (295) (327) Amortisation of goodwill and intangibles (1,221) (1,275) 8 - Share of operating profit of associates 31-6 4 Other income from fixed investments (5) 11 (284) (346) Interest (1,153) (1,473) 457 485 (6)% PROFIT BEFORE TAXATION 3,741 3,245 15 % (105) (219) Taxation (1,457) (1,385) 352 266 32 % PROFIT AFTER TAXATION 2,284 1,860 23 % (90) (51) Minority interests (299) (214) 262 215 22 % 921 901 3 % NET PROFIT AT CONSTANT 2001 EXCHANGE RATES 1,985 1,646 21 % Net profit before exceptional items & amortisation of goodwill and intangibles (Constant rates) 3,793 3,172 20 % * beia means goodwill and intangibles

CONSOLIDATED PROFIT AND LOSS ACCOUNT - CURRENT EXCHANGE RATES (unaudited) 17 The profit and loss account given below is stated at current exchange rates i.e. the results in both years have been translated at the exchange rates prevailing during the appropriate period; further information is given on page 12. The reported results are therefore impacted by exchange rate movements between the periods. This translation has been prepared solely for the convenience of users and does not form part of Unilever s accounts. Fourth Quarter US $ Millions current Full Year 2002 2001 % Incr./ (Decr.) 2002 2001 % Incr. /(Decr.) 11,688 11,697 - % TURNOVER 45,839 46,740 (2)% (105) (163) Less: Share of turnover of joint ventures (460) (619) 11,583 11,534 - % GROUP TURNOVER 45,379 46,121 (2)% 705 789 (11)% GROUP OPERATING PROFIT 4,739 4,632 2 % 1,562 1,650 (5)% Group operating profit beia * 6,736 6,400 5 % (574) (545) Exceptional items (827) (526) (283) (316) Amortisation of goodwill and intangibles (1,170) (1,242) 22 28 Add: Share of operating profit of joint ventures 79 75 727 817 (11)% OPERATING PROFIT 4,818 4,707 2 % 1,589 1,687 (6)% Operating profit beia * 6,825 6,508 5 % (574) (545) Exceptional items (821) (526) (288) (325) Amortisation of goodwill and intangibles (1,186) (1,275) 9 - Share of operating profit of associates 32-4 5 Other income from fixed investments (7) 11 (268) (348) Interest (1,103) (1,473) 472 474 - % PROFIT BEFORE TAXATION 3,740 3,245 15 % (102) (216) Taxation (1,446) (1,385) 370 258 43 % PROFIT AFTER TAXATION 2,294 1,860 23 % (87) (51) Minority interests (292) (214) 283 207 37 % 927 893 4 % NET PROFIT AT EXCHANGE RATES CURRENT IN EACH PERIOD 2,002 1,646 22 % Net profit before exceptional items & amortisation of goodwill and intangibles 3,766 3,172 19 % $ $ COMBINED EARNINGS PER SHARE $ $ (Current rates) 0.29 0.20 45 % - per 0.51 ordinary share 2.01 1.63 23 % 0.28 0.19 44 % - per 0.51 ordinary share diluted 1.95 1.58 23 % 0.18 0.12 45 % - per 5.6p ordinary share 1.21 0.98 23 % 0.17 0.12 44 % - per 5.6p ordinary share diluted 1.17 0.95 23 % Preference dividends (40) (46) Dividends on ordinary capital (1,560) (1,369) Result for the year retained 402 231 * beia means goodwill and intangibles

18 STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES (unaudited) US $ Millions Full Year 2002 2001 Restated Net profit 2,002 1,646 Unrealised gain on partial disposal of a group company 52 - Currency retranslation (506) (1,260) Total recognised gains for the year 1,548 386 Adjustment related to prior year restatement (179) - Total recognised gains since last Annual Report 1,369 386 MOVEMENTS IN SHAREHOLDERS' EQUITY (unaudited) US $ Millions Full Year 2002 2001 Restated Shareholders' equity as at 1 January 6,192 7,418 Net profit 2,002 1,646 Dividends (1,600) (1,415) Goodwill movements 431 245 Unrealised gain on partial disposal of a group company 52 - Currency retranslation (405) (1,311) Change in number of shares or certificates of shares held in connection with share options (518) (391) Shareholders' equity as at 31 December 6,154 6,192 SUMMARY BALANCE SHEET (unaudited) As at 31 December US $ Millions 2002 2001 Restated Goodwill and intangibles 21,268 22,103 Other fixed assets 8,513 8,964 Stocks 4,721 4,731 Debtors 8,635 8,884 Cash and current investments 3,649 2,037 Trade & other creditors (12,308) (11,278) 34,478 35,441 Borrowings 21,446 22,577 Provisions for liabilities and charges 6,219 6,084 Minority interests 659 588 Capital and reserves 6,154 6,192 34,478 35,441 Restatements relate to the implementation of United Kingdom Financial Reporting Standard 19 (see note on Page 13). As at 31 st As at 31 st December 2001 December 2000 Shareholders equity as previously reported in 2001 Report & Accounts 6,371 7,600 Accounting policy change (179) (182) Shareholders equity as restated 6,192 7,418

19 CASH FLOW STATEMENT (unaudited) US $ Millions Full Year 2002 2001 Cash flow from operating activities 7,411 6,713 Dividends from joint ventures 78 73 Returns on investments and servicing of finance (1,303) (1,689) Taxation (1,708) (1,975) Capital expenditure and financial investment (1,604) (1,216) Acquisitions and disposals 1,650 3,113 Dividends paid on ordinary share capital (1,485) (1,272) CASH INFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES AND FINANCING 3,039 3,747 Management of liquid resources (557) 991 Financing (2,436) (4,564) INCREASE IN CASH IN THE PERIOD 46 174 RECONCILIATION OF CASH FLOW TO MOVEMENT IN NET DEBT (unaudited) NET DEBT AT 1 JANUARY (20,540) (24,623) INCREASE IN CASH IN THE PERIOD 46 174 Cash flow from (increase) / decrease in borrowings 2,444 4,562 Cash flow from increase / (decrease) in liquid resources 557 (991) Change in net debt resulting from cash flows 3,047 3,745 Borrowings within group companies acquired (72) - Borrowings within group companies sold 19 3 Liquid resources within group companies acquired - Liquid resources within group companies sold (1) - Non cash movements 1,379 (365) Currency retranslation (1,629) 700 MOVEMENT IN NET DEBT IN THE PERIOD 2,743 4,083 NET DEBT AT 31 DECEMBER (17,797) (20,540)

GEOGRAPHICAL ANALYSIS (unaudited) Fourth Quarter US $ Millions Full Year 20 % Incr./ % Incr./ 2002 * 2001 * (Decr.)* 2002** 2002 * 2001 * (Decr.)* 11,882 11,700 2 % TURNOVER 45,839 46,573 46,740 - % 4,330 4,392 (1)% Europe 18,480 17,637 18,103 (3)% 2,885 3,039 (5)% North America 11,815 11,823 12,426 (5)% 897 800 12 % Africa, Middle East & Turkey 3,032 3,360 3,093 9 % 1,958 1,864 5 % Asia and Pacific 7,394 7,379 7,204 2 % 1,812 1,605 13 % Latin America 5,118 6,374 5,914 8 % 1,607 1,692 (5)% OPERATING PROFIT goodwill and intangibles 6,825 6,929 6,508 6 % 563 587 (4)% Europe 2,826 2,692 2,657 1 % 481 521 (8)% North America 1,906 1,907 1,766 8 % 74 85 (13)% Africa, Middle East & Turkey 332 381 340 12 % 258 279 (8)% Asia and Pacific 1,048 1,044 964 8 % 231 220 5 % Latin America 713 905 781 16 % 13.5 % 14.5 % OPERATING MARGIN goodwill and intangibles 14.9 % 14.9 % 13.9 % 13.0 % 13.4 % Europe 15.3 % 15.3 % 14.7 % 16.7 % 17.2 % North America 16.1 % 16.1 % 14.2 % 8.3 % 10.6 % Africa, Middle East and Turkey 11.0 % 11.3 % 11.0 % 13.2 % 15.0 % Asia and Pacific 14.2 % 14.1 % 13.4 % 12.8 % 13.7 % Latin America 13.9 % 14.2 % 13.2 % * at constant 2001 annual average exchange rates ** at exchange rates current in the year

21 OPERATIONAL ANALYSIS (unaudited) Fourth Quarter US $ Millions Full Year % Incr./ % Incr./ 2002 * 2001 * (Decr.)* 2002 ** 2002 * 2001 * (Decr.)* 11,882 11,700 2 % TURNOVER 45,839 46,573 46,740 - % 6,437 6,290 2 % Foods 25,749 25,718 25,782 - % 2,537 2,394 6 % Savoury and Dressings 8,934 9,076 8,952 1 % 1,579 1,674 (6)% Spreads and Cooking Products 5,843 5,797 6,062 (4)% 998 958 4 % Health & Wellness and Beverages 3,962 3,999 3,850 4 % 1,323 1,264 5 % Ice Cream and Frozen Foods 7,010 6,846 6,918 (1)% 2,033 2,336 (13)% Home Care and Professional Cleaning 8,065 8,448 9,371 (10)% 3,232 2,909 11 % Personal Care 11,511 11,883 11,021 8 % 180 165 9 % Other Operations 514 524 566 (7) % 1,607 1,692 (5)% OPERATING PROFIT goodwill and intangibles 6,825 6,929 6,508 6 % 947 974 (3)% Foods 3,798 3,794 3,706 2 % 514 481 7 % Savoury and Dressings 1,447 1,484 1,508 (2)% 279 349 (20)% Spreads and Cooking Products 946 922 972 (5)% 170 160 6 % Health & Wellness and Beverages 578 586 513 14 % (16) (16) (3)% Ice Cream and Frozen Foods 827 802 713 12 % 148 167 (12)% Home Care and Professional Cleaning 897 920 793 16 % 490 546 (10)% Personal Care 2,090 2,175 1,987 10 % 22 5 412 % Other Operations 40 40 22 88 % 13.5 % 14.5 % OPERATING MARGIN goodwill and intangibles 14.9 % 14.9 % 13.9 % 14.7 % 15.5 % Foods 14.8 % 14.8 % 14.4 % 20.2 % 20.1 % Savoury and Dressings 16.2 % 16.4 % 16.9 % 17.7 % 20.8 % Spreads and Cooking Products 16.2 % 15.9 % 16.0 % 17.0 % 16.7 % Health & Wellness and Beverages 14.6 % 14.7 % 13.3 % (1.1)% (1.2)% Ice Cream and Frozen Foods 11.8 % 11.7 % 10.3 % 7.3 % 7.2 % Home Care and Professional Cleaning 11.1 % 10.9 % 8.5 % 15.2 % 18.8 % Personal Care 18.2 % 18.3 % 18.0 % 12.5 % 2.7 % Other Operations 7.8 % 7.7 % 3.8 % * at constant 2001 annual average exchange rates ** at exchange rates current in the year

22 Earnings per share in US Dollars for the year Constant rates Current rates 2002 2001 2002 2001 Thousands of units Average number of combined share units of 0.51 976,743 982,845 976,743 982,845 Average number of combined share units of 5.6p 1,627,905 1,638,076 1,627,905 1,638,076 COMBINED EPS Net profit 1,985 1,646 2,002 1,646 Less: Preference dividends (38) (46) (40) (46) Net profit attributable to ordinary capital 1,947 1,600 1,962 1,600 Combined EPS per 0.51 $1.99 $1.63 $2.01 $1.63 Combined EPS per 5.6p $1.20 $0.98 $1.21 $0.98 COMBINED EPS BEIA Net profit 1,985 1,646 2,002 1,646 Add back exceptional items net of tax 630 299 622 299 Add back amortisation of goodwill / intangibles net of tax 1,178 1,227 1,142 1,227 Net profit beia 3,793 3,172 3,766 3,172 Less: Preference dividends (38) (46) (40) (46) Net profit attributable to ordinary capital - beia 3,755 3,126 3,726 3,126 Combined EPS beia per 0.51 $3.84 $3.18 $3.81 $3.18 Combined EPS beia per 5.6p $2.31 $1.91 $2.29 $1.91 COMBINED EPS Diluted Thousands of units Adjusted average combined share units of 0.51 1,006,627 1,010,009 1,006,627 1,010,009 Adjusted average combined share units of 5.6p 1,677,711 1,683,348 1,677,711 1,683,348 Net profit attributable to ordinary capital 1,947 1,600 1,962 1,600 Combined diluted EPS per 0.51 $1.93 $1.58 $1.95 $1.58 Combined diluted EPS per 5.6p $1.16 $0.95 $1.17 $0.95